In Silicon Valley, how one Black-owned transportation business pivoted — and survived — during the COVID-19 pandemic

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

When the coronavirus pandemic hit, Mosaic Global Transportation’s fleet of 1,000 vehicles had nowhere to go. Now, with some of the company’s business returning the company's founder said he is “seeing a light at the end of the tunnel.”

Over nearly two decades, Maurice Brewster built Mosaic Global Transportation into a multimillion-dollar business based in Silicon Valley, with some of tech’s biggest companies as customers.

But thanks to help from different sources, hard work by Brewster and his wife Rhonda, who is president of the company, and a pivot or two, Mosaic managed to keep going. Nondisclosure agreements don’t allow him to talk too much about that, but MarketWatch reported previously that tech giants like Facebook Inc. FB, +1.55%, Google GOOGL, +2.10% GOOG, +2.09% and Apple pledged they would keep their service workers compensated.

The CDFI also helped Mosaic “share our story as a Black-owned business pivoting through a global pandemic during a summer of racial reckoning,” which he said helped his company land new business. “It makes me feel good — not only that we had the ability to provide those vehicles free of charge, but that our employees stepped up to volunteer,” Brewster said.“ Between transporting San Jose City College’s athletes to games, and events and wine tours trickling in, approximately 20% of Mosaic’s business has already returned. ”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines